1. Decide on a product you will sell or a service you will offer. Consider:
We decided to sell corn dogs and popcorn, to all the students and teachers of Burdick School.
a. Market
i. Who will buy your product or service?
The people who will buy our products are the students and teachers of Burdick.
ii. Why will people buy your product or service?
People will buy our products because it is a new item and a new idea in the business that people think it's appealing.
b. How will you make the product or deliver the service?
We will make the product by using the teacher's lounge, and deliver it by setting our business up in the cafeteria, which we will sell it to the students as they walk by.
i. Startup costs:
For our first item, which is the corn dogs our starting cost is $1.50. Our second item is popcorn, and our starting cost is $.50-.75. Finally, our third item is mustard and ketchup packets, which the starting cost is $.10.
1. How much does it cost to create the product or deliver the service, and is this money available?
The price of it costs to buy the product is around $10.00, and this money is going to be available by each person in our business paying $2.50. We're going to deliver it in the lunch room.
ii. What materials and equipment are needed?
Equipment- popcorn machine, cups, holders for corn dogs, popcorn kernel jars, and oven.
The materials that we need are:
Materials- corn dogs, popcorn, ketchup and mustard packets.
iii. How difficult is it to make the product or deliver the service?
Overall, the experience of cooking it ourselves shouldn't be that hard, but the only challenge is going to be not burning the food or having time to cook it.
2. Discuss the best method for creating the product or delivering the service:
a. What roles will be created to make this process work?
manager(s): Josie and Elizabeth
laborers: Marisa and Asha
creative design/ marketing: Josie and Elizabeth
Finance/ bookkeeping: Asha and Marisa
a. Is there a market for your product/service?
Yes, there is a market. We're going to set up out product in the lunch room.
i. Who will buy your product/service?
People who have the right amount of money will buy our products.
ii. How much will you sell the product/service for?
The corn dogs cost will be $1.50, the popcorn will be $.50-.75, and the ketchup and mustard packs will be $.10.
a. What products or services, within school and outside of school, compete with your product/service?
The people of A.E Burdick will be competing with us in the business industry.
b. How will you deal with that competition?
We will do the best we can to make our costumers satisfied and treat them well with respect.
Businesses
1. Decide on a product you will sell or a service you will offer. Consider:
We decided to sell corn dogs and popcorn, to all the students and teachers of Burdick School.
a. Market
i. Who will buy your product or service?
The people who will buy our products are the students and teachers of Burdick.
ii. Why will people buy your product or service?
People will buy our products because it is a new item and a new idea in the business that people think it's appealing.
b. How will you make the product or deliver the service?
We will make the product by using the teacher's lounge, and deliver it by setting our business up in the cafeteria, which we will sell it to the students as they walk by.
i. Startup costs:
For our first item, which is the corn dogs our starting cost is $1.50. Our second item is popcorn, and our starting cost is $.50-.75. Finally, our third item is mustard and ketchup packets, which the starting cost is $.10.
1. How much does it cost to create the product or deliver the service, and is this money available?
The price of it costs to buy the product is around $10.00, and this money is going to be available by each person in our business paying $2.50. We're going to deliver it in the lunch room.
ii. What materials and equipment are needed?
Equipment- popcorn machine, cups, holders for corn dogs, popcorn kernel jars, and oven.
The materials that we need are:
Materials- corn dogs, popcorn, ketchup and mustard packets.
iii. How difficult is it to make the product or deliver the service?
Overall, the experience of cooking it ourselves shouldn't be that hard, but the only challenge is going to be not burning the food or having time to cook it.
2. Discuss the best method for creating the product or delivering the service:
a. What roles will be created to make this process work?
a. Is there a market for your product/service?
Yes, there is a market. We're going to set up out product in the lunch room.
i. Who will buy your product/service?
People who have the right amount of money will buy our products.
ii. How much will you sell the product/service for?
The corn dogs cost will be $1.50, the popcorn will be $.50-.75, and the ketchup and mustard packs will be $.10.
a. What products or services, within school and outside of school, compete with your product/service?
The people of A.E Burdick will be competing with us in the business industry.
b. How will you deal with that competition?
We will do the best we can to make our costumers satisfied and treat them well with respect.